Shin Shin Co Ltd.

TWSE:2901 Stock Report

Market Cap: NT$2.0b

Shin Shin Co Valuation

Is 2901 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2901 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2901 (NT$27.7) is trading above our estimate of fair value (NT$11.04)

Significantly Below Fair Value: 2901 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2901?

Key metric: As 2901 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2901. This is calculated by dividing 2901's market cap by their current earnings.
What is 2901's PE Ratio?
PE Ratio62.2x
EarningsNT$32.53m
Market CapNT$2.03b

Price to Earnings Ratio vs Peers

How does 2901's PE Ratio compare to its peers?

The above table shows the PE ratio for 2901 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.1x
2942 Jing-Jan Retail Business
11.1xn/aNT$2.4b
2910 Tonlin Department StoreLtd
21.3xn/aNT$4.4b
2903 Far Eastern Department Stores
17.3xn/aNT$35.7b
5904 POYA International
18.6x10.8%NT$50.7b
2901 Shin Shin Co
62.2xn/aNT$2.0b

Price-To-Earnings vs Peers: 2901 is expensive based on its Price-To-Earnings Ratio (62.2x) compared to the peer average (17.2x).

Price to Earnings Ratio vs Industry

How does 2901's PE Ratio compare vs other companies in the Asian Multiline Retail Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2901 62.2xIndustry Avg. 22.2xNo. of Companies14PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2901 is expensive based on its Price-To-Earnings Ratio (62.2x) compared to the Asian Multiline Retail industry average (22.2x).

Price to Earnings Ratio vs Fair Ratio

What is 2901's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2901 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio62.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2901's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Lifestyle Global Enterprise

NT$843.3m

Engages in the provision of sofas, chairs, and other wooden and leather furniture worldwide.

8066

NT$28.45

7D

0.9%

1Y

-3.2%

Munsin Garment

NT$3.1b

Manufactures and trades in various ready-made garments and knitwear in Taiwan.

2916

NT$48.55

7D

0.7%

1Y

3.4%

Scan-D

NT$1.9b

Engages in the wholesale and retail of furniture, beddings, fixtures, and kitchen equipment in Taiwan and Singapore.

6195

NT$37.30

7D

0.7%

1Y

-9.8%